Updated: 03/11/2014 8:15 AM
Created: 03/11/2014 8:10 AM KSTP.com
By: Jennie Olson
Minnesota’s unemployment numbers continue to dip and now stand at 4.7 percent, ranking our state in the top 10 nationally. Some new information released Tuesday morning ranks our state highly yet again and could help drop the unemployment rate even lower.
With the shape the economy has been in the last several years, we are always on the lookout for some good news when it comes to jobs. Results from the Manpower Employment Outlook Survey, which surveyed 18,000 employers, placed Minnesota in the top 10 nationally in a category called Net Employment Outlook. It shows that Minnesota will be hiring employees at a rapid rate come next quarter.
Of the Minnesota employers surveyed, 20 percent said they plan to increase their staff sizes between April and June of this year. On the other side, only 2 percent of those surveyed said they plan to decrease their staff during that time period.
Taking the 20 percent who expect to hire and subtracting the 2 percent who expect to cut back leads to the 18 percent Net Employment Outlook.
For the Twin Cities metro area, it wasn’t quite as optimistic. We were in the middle of the pack with a 16 percent Net Employment Outlook, and our numbers were down a bit from last year.
Various factors go into this; with more employers expecting to hire at this time last year, there are likely fewer open positions, so a dip for the Twin Cities doesn’t mean doom and gloom. The Manpower Group actually considers it an optimistic numbers.